Nigeria’s NNPC secures $3.15 bn deal to develop oil mining licence
July 27, 2019 | Budget & Investment, Licensing & Concessions, Nigeria
Nigeria to earn $10bn from the new oil financing deal London, UK | – The Nigerian National Petroleum Corporation (NNPC) said on Tuesday that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license owned by NNPC’s upstream subsidiary NPDC. The deal is part of NNPC’s strategy to develop more resources and increase oil production with the help of financing from third parties to spread out development …